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Geopolitical··Severity 6

The next crash: why this time might not be different

Stock markets are not only ignoring the obvious threats, but seem imbued with extreme optimism

Scenario chain

Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.

A

Эскалация

35%

Forecast derived from cascade analysis. Watch confirmation indicators below.

Primary source: FT World

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